Form W-2 for 2023: All You Need to Know

The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2023. We examine the requirements for completing and filing the form including a box-by-box explanation. The new lower thresholds for mandatory electronic filing will be reviewed. Best practices for completing and reconciling the form, handling duplicate requests from employees are also covered.  When to use the correction Form W-2c is also discussed.

Course Outline:

For the attendee to learn and understand the 2023 requirements for the Form W-2 including:

  • Changes to the Form W-2 for 2023
  • NEW! Lower electronic filing thresholds for 2023 
  • Line by line completion of the Form W-2
  • Reconciliation of Form W-2 to Form 941-best practices on when and why it must be done
  • Electronic delivery of W-2s to employees—what is required to set up the program
  • When to use the Form W-2c and when to correct the W-2 itself
  • Penalties for incorrect information have double and how that makes it imperative to verify employee names and social security number with the SSA data base
  • And Much More!

Who will Benefit:

  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
  • Human Resources Executives/Managers/Administrators
  • Accounting Personnel
  • Business Owners/Executive Officers/Operations and Departmental Managers
  • Lawmakers
  • Attorneys/Legal Professionals
  • Any individual or entity that must deal with the complexities and requirements of Payroll compliance